To determine the revenue growth rates on a constant currency basis for
the three and six months ended June 30, 2015, revenue from entities
reporting in foreign currencies was translated into U.S. dollars using
the comparable prior year periods monthly average foreign currency
exchange rates. Qlik reports results in U.S. dollars but does business
on a global basis in multiple currencies. Exchange rate fluctuations
affect the U.S. dollar value of foreign currency revenue and expenses
and may have a significant effect on reported results. The discussion of
Qliks financial results in this release includes comparisons with the
prior year period in constant currency terms. Management believes this
information facilitates comparison of underlying results over time.

This press release includes forward-looking non-GAAP financial measures
under the heading Business Outlook. These non-GAAP financial measures
were determined by excluding stock-based compensation expense, employer
payroll taxes on stock transactions, amortization of intangible assets
and contingent consideration adjustments and assuming an estimated
long-term effective tax rate of 30%. We are unable to reconcile this
non-GAAP guidance to GAAP because it is difficult to predict the future
impact of these adjustments. In addition, these forward-looking non-GAAP
financial measures assume that foreign currency exchange rates for the
third quarter and full year 2015 will approximate current foreign
currency exchange rates. In addition, Qliks expectations of
year-over-year projected revenue growth rates on a constant currency
basis for the third quarter and full year 2015 assume that expected
revenue from entities reporting in foreign currencies are translated
into U.S. dollars using the comparable prior year periods monthly
average foreign currency exchange rates.

The presentation of these non-GAAP financial measures is not intended to
be considered in isolation or as a substitute for results prepared in
accordance with GAAP. The principal limitation of these non-GAAP
financial measures is that they exclude significant elements that are
required by GAAP to be recorded in Qliks consolidated financial
statements. In addition, they are subject to inherent limitations as
they reflect the exercise of judgments by management in determining
these non-GAAP financial measures. In order to compensate for these
limitations, management of Qlik presents its non-GAAP financial measures
in connection with its GAAP results. Investors are encouraged to review
the reconciliation of our non-GAAP financial measures to their most
directly comparable GAAP financial measure. As previously mentioned, a
reconciliation of our non-GAAP financial measures to their most directly
comparable GAAP measures has been provided below.

About Qlik

Qlik (NASDAQ:
QLIK) is a leader in visual analytics. Its portfolio of
products meets customers' growing needs from reporting and self-service
visual analysis to guided, embedded and custom analytics. Approximately
36,000 customers rely on Qlik solutions to gain meaning out of
information from varied sources, exploring the hidden relationships
within data that lead to insights that ignite good ideas. Headquartered
in Radnor, Pennsylvania, Qlik has offices around the world with more
than 1,700 partners covering more than 100 countries.

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements, including, but
not limited to, the guidance provided under the heading Business
Outlook above, statements regarding the value and effectiveness of
Qlik's products, the introduction of product enhancements or additional
products and Qlik's growth, expansion and market leadership, that
involve risks, uncertainties, assumptions and other factors which, if
they do not materialize or prove correct, could cause Qliks results to
differ materially from those expressed or implied by such
forward-looking statements. All statements, other than statements of
historical fact, are statements that could be deemed forward-looking
statements, including statements containing the words predicts,
plan, expects, focus, anticipates, believes, goal, target,
estimate, potential, may, will, might, momentum, can,
could, see, seek, forecast, and similar words. Qlik intends all
such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in Section 21E of
the Exchange Act and the Private Securities Litigation Reform Act of
1995. Actual results may differ materially from those projected in such
statements due to various factors, including but not limited to: risks
and uncertainties inherent in Qliks business; Qliks ability to attract
new customers and retain existing customers; Qliks ability to
effectively sell, service and support its products; Qliks ability to
adapt to changing licensing and go to market business models; Qliks
ability to manage its international operations; Qliks ability to
compete effectively; Qliks ability to develop and introduce new
products and add-ons or enhancements to existing products; Qliks
ability to continue to promote and maintain its brand in a
cost-effective manner; Qliks ability to manage growth; Qliks ability
to attract and retain key personnel; currency fluctuations that affect
Qliks revenues and costs; Qliks ability to successfully integrate
acquisitions into its business; the scope and validity of intellectual
property rights applicable to Qliks products; adverse economic
conditions in general and adverse economic conditions specifically
affecting the markets in which Qlik operates; and other risks more fully
described in Qliks publicly available filings with the Securities and
Exchange Commission. Past performance is not necessarily indicative of
future results. The forward-looking statements included in this press
release represent Qlik's views as of the date of this press release. Any
statements regarding Qliks products are intended to outline its general
product direction and should not be relied on in making a purchase
decision, as the development, release, and timing of any features and
functionality remains at Qliks sole discretion. Qlik anticipates that
subsequent events and developments will cause its views to change. Qlik
undertakes no intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. These forward-looking statements should not
be relied upon as representing Qliks views as of any date subsequent to
the date of this press release.